Bitcoin News Alerts | Daily BTC News

A crypto strategist who accurately called Bitcoin’s May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance. Pseudonymous analyst Dave the Wave tells his 112,100 Twitter followers Bitcoin is trading within an ascending channel and potentially gearing up for a short-term rally to his target. According to the cryptocurrency strategist, his target of $39,547 is “speculative” and is only valid as long as the channel holds. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jurrien Timmer, director of global macro at asset management firm Fidelity Investments, recently shared a modified version of the Bitcoin Stock-to-flow (S2F) model dubbed the S-Curve Model. Using the model, he predicted that the king crypto (BTC) price could reach $144,000 within the next three years. "I remain bullish on Bitcoin as an aspiring store of value in a world of ongoing financial repression, but the above exercise is a good reminder that we should always revisit our assumptions, especially when the price action deviates from expectations." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin will hit $300,000 before 2025 predicts crypto analyst Crypto Rover while Jason Lowery predicts the king cryptocurrency (BTC) hitting $1,000,000 by 2030. "We will be told that we got lucky, that nobody could have predicted $1M by 2030." Billionaire Tim Draper has doubled down on his Bitcoin price prediction of $250,000, which he made in a June 2021 CNBC interview. By the end of this year or early next year. Learn more about your ad choices. Visit megaphone.fm/adchoices

Macro analyst Lyn Alden says that the king crypto (Bitcoin) could rally higher over the coming months if certain conditions are fulfilled. Asked in a Coin Stories interview whether BTC could revisit its all-time high this year, Alden says that the price of leading cryptocurrency could surge if the Federal Reserve reverses its current hawkish monetary policy measures, such as raising interest rates and the unwinding of asset purchases. “I mean if you had a total capitulation, like if you had a pivot in Fed policy and a re-liquefaction of markets, it’s a pretty high volatility asset [Bitcoin]. So you could have a pretty big swing up. You could retest some highs.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Venture capitalist Tim Draper has doubled down on his Bitcoin price prediction of $250,000 by the end of this year or early next year. However, the billionaire explained why he expects the price of the king crypto (BTC) to soar past his estimate. Draper explained: “Women control about 80% of retail spending and retailers haven’t yet realized that they can save 2%, and they usually run on very thin margins so that might be like double their profits. They can save 2% just by accepting bitcoin instead of taking a bank-issued credit card. And that can change everything. "All of a sudden. All the women will have Bitcoin wallets and they will be buying things with bitcoin and you are going to see a bitcoin price that will just go right through my $250,000 estimate." Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular trader and analyst Jason Pizzino is hopeful Bitcoin (BTC) could rally higher if the flagship crypto asset sustains the prevailing momentum. “If we can get above those levels, consolidate and continue to move higher with higher highs and higher lows… the next key level is $48,000 and the $52,000 levels. But I think we’re getting too far ahead of ourselves to even contemplate getting to the high $40,000s or even low $50,000s at this point as there’s so much work to do for Bitcoin at these lower levels.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Benjamin Cowen says three metrics indicate Bitcoin could see a price bounce in June. In a new strategy session, Cowen tells his 746,000 YouTube subscribers the first metric pointing to a BTC rally is a correcting US dollar currency index. “We know that the US dollar currency index, when it’s moving higher in a parabolic rally, we know Bitcoin goes down. We’ve seen this many times in the past. And furthermore, if we just simply pull it up, you can see that over the last several months, the dollar has been in a parabolic rally." Learn more about your ad choices. Visit megaphone.fm/adchoices

In a new video update, popular crypto analyst InvestAnswers tells his 439,000 YouTube subscribers that his “bear case” for Bitcoin in 2030 is $576,000, which is about 1,886% from current prices. “So not bad from where we are today. That’s basically a 20x give or take, a couple of dollars, which is a huge return, but still, it is a moving target. Things change all the time. Adoption changes, networks changes, competition changes. Bear that in mind.” By combining all three Bitcoin price targets, the host finds an average “expected” target of $785,955 for BTC, with $576,389 being the 'bear-case' low end of the range and $1.55 million being the most optimistic forecast for the king cryptocurrency. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst and the host of InvestAnswers is envisioning three possible price points for Bitcoin in the year 2030 ranging from $576K to $1.55 million per BTC. By combining all three Bitcoin price targets, the host finds an average “expected” target of $785,955 forBTC, with $576,389 being the 'bear-case' low end of the range and $1.55 million being the most optimistic forecast for the king cryptocurrency. "The adoption of Bitcoin is faster than that of the internet, and that of mobile phones right now. Therefore, due to Metcalfe’s Law, this is completely believable.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Quant analyst Plan B, creator of the Bitcoin stock-to-flow model, which correctly predicted the 14X rise in BTC price, from $4,000 to $55,000 shares good Bitcoin news on crypto twitter, that the S2F model still points to $500K per coin after the 2024 halving. "Even if the original $55K model was right and the later $100K update wrong, the difference is "only" 2X. Remember that S2F model was created in March 2019, when bitcoin was below $4K. IMO the correctly predicted 14X rise (55/4) is worth more than the 2X prediction error (100/55)." Original 2019 $55K S2F model seems to fit better than later $100K update. Interestingly a refit based on 18m average S2F ratio and 3 yrs new data confirms the original model. The bad news: $100K was probably too high. The good news: model still points to $500K after 2024 halving." Learn more about your ad choices. Visit megaphone.fm/adchoices